Example: Profits from Sale of Assets
You sell an asset with a book value of 3,000.00 to a customer for 4,000.00. The profit which results from this (1,000.00) is credited to the profit center of the asset (cost center C100
® profit center P100).Posting:
Receivable |
4,000.00 |
to |
Asset portfolio |
3,000.00 |
|
Income from sale of asset |
1,000.00 |
(PrCtr P100) |